Thailand’s Kasikornbank eyes tokenized securities in raising funds
Kasikornbank is looking to revolutionize fundraising with tokenized securities, a move that it hopes would advance its Web3 ambitions in digital asset ecosystem development.
Latest tokenization News
India’s GIFT City gears up for real-world asset tokenization
The GIFT City in India is adopting regulated blockchain for real estate tokenization, as the International Financial Services Center Authority launches a sandbox to attract global investment and enhance its financial prominence.
2023 ‘Year in Xiaohui Liu’—a summary of sCrypt’s Bitcoin experiments
At the start of 2023, Liu claimed he was "super excited about Bitcoin in 2023," and the adoption of sCrypt's methods in real processes has validated that super-excitement.
IMF boss on the future of digital currencies: ‘buckle up’
Digital currencies and CBDCs will be the future of cash, but IMF's Kristalina Georgieva claims that they have to be "cheap, stable, and trusted" to work.
Using smart contracts to manage real-world contracts
A smart contract is a step toward innovation and is not meant to replace real contracts, but can be utilized to manage off-chain real contracts far more efficiently.
UK introduces new regulations for Digital Securities Sandbox
The United Kingdom has introduced new regulation providing the country's financial sector watchdogs with the rules for supervising a Digital Asset sandbox for tokenized securities.
Australia’s new central bank chief backs wholesale CBDC over retail
Reserve Bank of Australia Governor Michele Bullock favors wholesale CBDC for interbank settlements, citing success in recent case studies as the central bank monitors global retail CBDC developments.
Germany’s KfW to roll out tokenized bond in 2024
German financial institution KfW is eyeing a 2024 launch for its fully decentralized tokenized bonds, building on its earlier digital bond offering, showcasing blockchain's potential for transparency and market expansion.
Hong Kong to launch second iteration of tokenized green bonds
Hong Kong is poised for second tokenized green bond launch in February 2024, leveraging blockchain for efficiency and transparency in collaboration with leading banks.
Cantons of Basel, Zurich settle digital bonds with wholesale CBDCs
Swiss cities of Basel and Zurich are pioneering the use of wholesale CBDCs from the Swiss National Bank to settle digital bonds, marking a significant step in the tokenization of financial assets.
BIS, World Bank to tokenize promissory notes
BIS will tokenize promissory notes which still rely on stacks of papers, and while this “isn’t going to revolutionize the world,” it’s a critical first step.
UK permits tokenization for investment funds
A group set up by the U.K. Treasury proposed allowing licensed investment funds to tokenize assets on DLT if they meet set guidelines, which the Financial Conduct Authority has approved.